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Bull

Canadian Trust Taxation Opens Great White North to Outsiders

Canadian royalty trusts in the oil and gas sector had a decade-long bull run until the Canadian government mounted a plan to strip them of their favorable tax status for distributions (see Daily GPI, Nov. 2). The plan to tax the trusts could very well spark a movement of investment dollars southward and American exploration and production (E&P) activity northward, said David Marcell, TriStone Capital managing director, acquisitions and divestitures.

November 16, 2006

EVA Sees Lower Price Scenario Over Long Term; Key Factor — LNG

Given what happened to the industry last year with Hurricanes Rita and Katrina, it’s pretty easy to make a bull’s case for the natural gas market. In fact many industry prognosticators expect that once the current gas storage surplus is worked off, an underlying tight supply-demand balance will return, driving prices back into the stratosphere. But Stephen Thumb at consulting firm Energy Ventures Analysis in Arlington, VA, believes many experts are underestimating the impact that LNG will have on the U.S. market.

October 9, 2006

EVA Sees Lower Price Scenario Over Long Term; Key Factor — LNG

Given what happened to the industry last year with Hurricanes Rita and Katrina, it’s pretty easy to make a bull’s case for the natural gas market. In fact many industry prognosticators expect that once the current gas storage surplus is worked off, an underlying tight supply-demand balance will return, driving prices back into the stratosphere. But Stephen Thumb at consulting firm Energy Ventures Analysis in Arlington, VA, believes many experts are underestimating the impact that LNG will have on the U.S. market.

October 9, 2006

July Contract Rebounds as Market Watchers Debate a Trend Change

In its debut as Nymex prompt month, the July natural gas futures contract was a bull’s dream Friday as it surged higher to nearly erase losses suffered in sympathy with Thursday’s expiration-day June contract liquidation. A combination of speculative short-covering and end-user buying were cited as factors in the rally that propelled July up 15.8 cents to $6.370 Friday, two ticks shy of Wednesday’s $6.372 close. On Thursday, the June contract tumbled 19.2 cents to go off the board at $6.123.

May 31, 2005

Every Natural Gas Bull Loves Raymond James

Analysts at Raymond James & Associates aren’t quite ready to pack up their bull horns and nose rings, but they had to concede Monday that the domestic gas supply picture is improving. To them that simply means the domestic gas production decline isn’t as steep as they previously projected.

March 22, 2005

Futures Flat Tuesday as Storage Bears and Technical Bulls Square Off

In what was one of the quietest sessions in recent memory, the natural gas futures market chopped mostly sideways Tuesday as neither bull nor bear was able to influence a move in their favor. The March contract closed at $6.316, down a half cent for the session and near the middle of its $6.26-40 trading range on the day.

February 2, 2005

Bull Run Continues, But Some Sense Retreat Is Near

A run of rising prices was extended into its fourth day Thursday, but there were mixed feelings on whether the streak can be sustained any further. The latest gains ranged from about a dime to nearly half a dollar.

April 2, 2004

Out of Hibernation, Bears Use Storage to Beat Back the Bulls

The bull trend in natural gas futures suffered what some analysts and brokers believe was a fatal blow Thursday as prices spiraled lower on yet another bearish storage report (156 Bcf withdrawal) by the Energy Information Administration. The prompt contract dropped 39 cents in five minutes following the 10:30 a.m. EST inventory update. By 11 a.m. EST, prices had bottomed out at $5.60, down 62 cents from the market’s pre-EIA level. A modest rebound was seen in the afternoon, and the February contract finished the session at $5.834, down 31.6 cents on the day.

January 23, 2004

Futures Rebound 6% on Trio of Bullish Factors

It was easy to be a natural gas futures bull Tuesday. In addition to another round of frigid forecasts and spiking prices in the cash market, natural gas futures traders had added buying incentive as crude oil prices spiked following a deadly explosion at an Algerian gas liquefaction plant Monday.

January 21, 2004

Futures Whiplash Gives Cash Traders Pain in the Neck

The cash market on Wednesday was jerked around like a bull whip by its out-of-control master, the gas futures market on the New York Mercantile Exchange. As futures popped nearly 40-cents higher at the open and soared to the incredible height of $7.55 Wednesday morning before collapsing shortly thereafter, the cash market was dragged behind, albeit at a significant distance. The run-up produced massive trading ranges as sellers scrambled to unload what they could before the show was over.

December 11, 2003